Canada: Crude Granite Market 2024

Crude Granite Market Size in Canada

The Canadian crude granite market reduced modestly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.3% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Crude Granite Production in Canada

In value terms, crude granite production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 35%. Crude granite production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Crude Granite Exports

Exports from Canada

In 2022, shipments abroad of granite (crude) decreased by -11.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 51% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, crude granite exports totaled $X in 2022. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2015 when exports increased by 101%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for crude granite exports from Canada, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +1.2%.

In value terms, the United States ($X) also remains the key foreign market for granite (crude) exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +2.5%.

Export Prices by Country

In 2022, the average crude granite export price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude granite export price increased by +23.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 33%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +12.3% per year.

Crude Granite Imports

Imports into Canada

In 2022, imports of granite (crude) into Canada dropped remarkably to X tons, with a decrease of -16.8% on the previous year's figure. Over the period under review, imports showed a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 180%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, crude granite imports fell significantly to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 180% against the previous year. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

The United States (X tons), South Africa (X tons) and Finland (X tons) were the main suppliers of crude granite imports to Canada, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +16.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), South Africa ($X) and Finland ($X) appeared to be the largest crude granite suppliers to Canada, with a combined 95% share of total imports.

In terms of the main suppliers, Finland, with a CAGR of +14.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average crude granite import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 154% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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